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World Bank says COVID-19 to push 60 million into poverty; announces $160 billion assistance to 100 countries

by AIP Online Bureau | May 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News

Washington: The coronavirus pandemic is expected to throw into extreme poverty more than 60 million people globally, the World Bank said on Tuesday as it announced emergency operations worth $160 billion in 100 developing countries to fight this deadly virus.  ...

Coronavirus impact:Foreign investors look to exit India, withdraw $6.4 billion in March quarter

by AIP Online Bureau | May 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  New Delhi: Foreign investors turner net sellers in March quarter and pulled out USD 6.4 billion from the Indian equity markets largely due to the COVID-19 outbreak and ensuing risk-averse environment, a Morningstar report said.   In comparison, foreign...

Citigroup launches new ESG investment banking group

by AIP Online Bureau | May 19, 2020 | Banking & Bancassurance, Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News

  NEW YORK: Citigroup Inc said on Tuesday that is launching a new business unit within its corporate and investment bank dedicated to environmental sustainability to strengthen its commitment to an area that has grown increasingly important to corporate clients...

IRDA to extend renewal payment date for motor & health policies till June 1st week

by AIP Online Bureau | May 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News, Regulation

  Mumbai: After the announcement,on Sunday, of lockdown 4.0 by the government till May 31, to contain the spread of Covid-19.pandemic,the insurance regulator IRDAI is now planning to extend the date for the renewals of health and motor third-party...

UK’s Covid-19 Support Fund by insurers aims to raise £100 million

by AIP Online Bureau | May 19, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Life, Non-Life

  London: The UK insurance and long-term savings industry today launches a new fund to help support some of the people hardest hit by the Covid-19 crisis. The Covid-19 Support Fund aims to raise £100 million, with £82.5 million already having been...

Long-lasting global recession likely due to COVID-19, says World Economic Forum report

by AIP Online Bureau | May 19, 2020 | Uncategorized

  LONDON: Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic Forum showed on Tuesday.   Two-thirds of the 347 respondents to the survey – carried out in response to the outbreak...

Coronavirus ‘not a pandemic in Pakistan’ says top court, ordering curbs lifted

by AIP Online Bureau | May 18, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

ISLAMABAD: Pakistan’s Supreme Court ordered the government on Monday to lift some of the remaining restrictions imposed on business to halt the spread of the coronavirus, even as the country recorded a rise in infections since beginning to emerge from lockdown....

India coronavirus infections surge past 100,000, deaths top 3,000

by AIP Online Bureau | May 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, Indian News

  Mumbai: The number of coronavirus cases in India surged past 100,000 on Tuesday, with the rate of growth of new infections showing little sign of slowing despite a strict weeks-long lockdown.   India’s Health Ministry reported total cases stood at...

Covid-19 Pandemic:New measures are changing how people fly

by AIP Online Bureau | May 18, 2020 | Disaster & Management, Eco/Invest/Demography, Facts, Health

  SYDNEY/BEIJING/HELSINKI:  In Thailand, you cannot have food or water in flight and must wear a mask. In Malaysia and Indonesia, the plane needs to be half-empty. In the United States and Europe, it’s not mandatory for airlines to leave the middle...

Few Coronavirus liability lawsuits have been filed thus far in US

by AIP Online Bureau | May 18, 2020 | Disaster & Management, Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

Businesses are urging U.S. lawmakers to shield companies from what they fear could be a flood of lawsuits by workers and consumers blaming employers for exposing them to the new coronavirus.   But so far, court records show few such cases have been filed and some...
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